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August 25, 2015

GLOBALLY THE TOP 3 MOST DIFFICULT NATIONS TO INSURANCE BUSINESS ARE A) NIGERIA 2)KENYA AND 3)RUSSIA&
Ratings from Transparency International suggest that the RGMs in this study that face the highest levels of risk from perceived corruption are Nigeria, Kenya and Russia: • In Kenya, the state’s ability to enforce anti-fraud regulation is notably weak, although improvements are being made in transparency and accountability

Running an Insurance Company in Nigeria has its own set of problems as "fraud in Nigeria is a globally recognized problem. In addition, an environment of limited transparency and accountability fosters “grand corruption” involving well-connected business and political figures.

Compared to others, Russia offers a comparatively high level of financial and economic infrastrurucal for insurance business but has faced criticisms on its failure to curb nepotism , and andw its capacity to battle corruption and claims of political influence